Wife and husband income tax
This query is : Resolved
P V PRASANNA KUMAR
(Querist)
21 February 2014
a person gets monthly salary 25000/-.apart from this he also gets profit share of atleast 2.5 lakhs per annum company in which he is a employee but treated as partner(un official)his wife earns 9000/- per month.
how income tax to be paid
how income tax to be paid
CMA Ramesh Krishnan
(Expert)
21 February 2014
Partner salary will be taxed as income from business. unofficial payment to wife need to be treated as income from other sources
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